Word: grosse
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Dates: during 2000-2009
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Deductible above 5% of adjusted gross income...
Halfway through 1985, the nearly three-year-old economic recovery seemed about to end. Second-quarter growth in the gross national product was a slow 1.1%, compared with 3.7% in the previous period. But the low level of inflation, about 3.5% for the year, enabled the Federal Reserve Board to ease up on interest rates. "The Fed is riding to the rescue," Economist Walter Heller said in May. As a result, more credit began flowing to businesses. Between April and July, the prime rate fell by a point, to 9½%, where it ended the year...
...Gross overbooking produced a nightmare at Newark's North Terminal on the Sunday after Thanksgiving, People's busiest day of the year. The cramped building was so crowded that human gridlock developed. Hundreds of people never made it onto a plane and spent the night at the airport. On Dec. 20, People stranded 160 Newark-bound passengers in San Francisco because of overbooking...
That there are fights over soap and bananas in Libya, which has a population of only 3.6 million and a per capita gross national product of about $8,000 (vs. $9,000 in Britain), is the result of both softening demand for petroleum and poor economic planning. Oil revenues are down from $22 billion in 1980 to an anticipated $8 billion this year. "The cash-flow problem is hurting," said a Western diplomat in Tripoli. "It is like taking a 60% salary cut and trying to keep up with the payments on the house and car." Some construction contracts have...
ITALY. Carli forecast continued growth at around 2.5% this year. Despite that rather modest expansion, companies have enjoyed hefty profits because they have increased prices and kept capital investments low. But the Italian public debt, now 101.9% of the gross national product, is expected to grow another...